How To Calculate Compound Interest When Rate Is Not Given Complete Guide

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how to calculate compound interest when rate is not given. A P1rn nt CI A-P Where CI Compounded interest A Final amount P Principal t Time period in years n Number of compounding periods per year r Interest rate Calculation Examples You can solve for any variable by rearranging the compound interest formula as illustrated in the following examples-. In this example P 1500 i 043 n 4 and t 6.

What Is The Compound Interest Formula Robinhood
What Is The Compound Interest Formula Robinhood from learn.robinhood.com

Calculate time solve for t t lnAP ln1 r then also. 1152800 12n 144 12n 144 122 Thus it takes two years for the compound interest to amount to. Compound Interest P 1 rn nt P.

Alternative Compound Interest Formula The ending balance of an account with compound interest can be calculated based on the following formula.

The formula for compound interest is P 1 rn nt where P is the initial principal balance r is the interest rate n is the number of times interest is compounded per time period and t is the number of time periods. Let us find out how much will be monthly compounded interest charged by the bank on loan provided. The value after 2 years will be 360639. The process has been simplified because of the equation that can easily help you in arriving at the result.